The platform believes that the financial applications require a stablecoin to be developed on decentralized and permissionless computer networks, DeFi. The current flaws in stablecoin implementations lead to sacrificing the significant advantages of decentralized computing. The users can keep faith in centralized parties and limit the potential market capitalization by imposing collateral needs. Thus, to solve the dilemma, the platform suggests a stablecoin that does not compromise with decentralization and does not need collateral. In contrast, it moves towards more stability and liquidity and aims to unlock the potential of DeFi. 

The platform proposed an Ethereum-based credit-based stablecoin protocol to issue an ERC-20 token standard to tackle the problems. An on-chain value oracle utilizes an existing centralized bridge between the Ethereum blockchain and the entire world to provide a decentralized, trustworthy, and low-cost source for the value of a non-Ethereum-native based peg. A DAO is regulated by a yield-generating, inflationary ERC-20 Standard coin that aims to guarantee protection, supports continuous liquidity creation, and reduces price volatility.

BEAN is the official token of the Beanstalk platform, pegged to the US dollar. The users with BEAN token can earn yield by staking BEAN into Beanstalk. The Ethereum protocol rewards the users for taking up actions that keep the BEAN pegged to USD. When the price falls below the peg, Beanstalk issues debt, which the user may acquire for a one-time predetermined yield rate. When the price exceeds the peg, Beanstalk produces more BEANs, lowering the value. The new-minted BEAN tokens are used to pay the debt and reward users who have staked the BEAN token.

 History of Beanstalk (BEAN)

The official whitepaper of the platform was published on August 6, 2021. The platform was created in August 2021 by anonymous economists and developers, utilizing the pseudonym Publius. 

我們實時將 Bean 更新為 USD 貨幣。在 Coinbase 上獲取 Bean 的實時價格。

Bean 目前的市值為 US$0.00。高市值意味著資產受到市場的高度重視。

Bean 的歷史最高紀錄是 US$0.2390。這是自從 Bean 推出以來的最高價格。

在過去 24 小時中，Bean 的交易量為 US$2435.87。

與 Bean 市值相似的資產包括 Parachute, BOMB, Doge Token 和許多其他資產。若要查看完整清單，請參閱我們的可比市值資產。

Bean 目前的循環供應量為 0。